Many who are not familiar with cryptocurrencies or are not so actively involved in web3 ask a question on the Internet:
How to make money on Move-to-Earn or even what are Move-to-Earn projects?
Let's break this concept down and look at the earning opportunities.
Move-to-Earn (M2E) is a new and promising trend in the world of cryptocurrency and blockchain, which offers users a unique opportunity to earn money by doing physical exercises and daily movements. In this article, we will look at the main aspects of M2E, its varieties and platforms on which you can make money.
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Varieties of M2E
There are two main categories of M2E:
a) Pure Move-to-Earn: In these apps, users are only rewarded for their physical activity. An example of such an application is Sweatcoin, where users earn coins by walking.
b) Move-to-Earn Games: These games incorporate M2E elements, allowing players to earn digital assets based on their movements. An example of such games are geo-location games like Pokemon Go, where players must move to catch Pokemon and earn rewards, only crypto games provide tokens or NFTs as rewards that can be sold on the secondary market.
Benefits of Move-to-Earn
M2E offers a number of benefits for users:
a) Earn: Users can earn additional income by performing physical exercises or movements they already do in their daily lives.
b) Motivation: MTE can motivate people to take care of their health and get more time for physical activity.
c) Social: Many MTE applications and platforms have social features such as competitions.
TOP 5 Most Popular Move-to-Earn Apps
StepN - those same NFT sneakers. StepN is one of the most popular at the moment and is built on the Solana blockchain as well as the BNB chain. DappRadar takes a closer look at the StepN platform here and the native currency Green Satoshi Token here. To make money with StepN, you need to equip a pair of NFT sneakers and start moving. Walking, jogging and running are all viable ways to make money on this platform.
- The Dustland - This game is developed by fitness company OliveX. Players progress through the fictional narrative of the Desert by going on a run in the real world. They are rewarded for their exercise with their own DOSE token built on the Ethereum blockchain, which they can use to upgrade the game or turn into real money.
- genopets – The Genopets team uses walk to earn technology in perhaps the most interesting way of all platforms operating in space. As players move around in real life, they level up their in-game battle avatar. NFTs, called Genopets, fight against opponents and the strongest wins. Genopets is built on the Solana blockchain and has a staking system as part of its GENE based economy.
- Sweatcoin is a London-based fitness company whose goal is to make people healthier. Its partnerships with health organizations, most notably the UK's National Health Service, are a sign that the company's project is truly about people, not necessarily profit. SWEAT, a native token, was launched in April 2022 on the Near blockchain.
- Step App is an application from the FitFi platform built on the Avalanche blockchain. People can earn money just like StepN users do. Sneaks are NFTs that players must equip in order to earn money while playing - even better by practicing and tracking them via a mobile app.
But keep in mind that many apps quickly become outdated and the list of the most popular Move-to-Earn apps can change quickly. There are other well-known projects such as Hibiki, for which we published a guide.
Prospects and development of Move-to-Earn
With the increasing popularity of cryptocurrencies and blockchain technologies, Move-to-Earn will continue to evolve and offer new opportunities for users:
a) Expansion of platforms: in the near future, new M2E platforms and applications can be expected to offer a variety of ways to earn money, taking into account the individual preferences of users.
b) Gamification: Developers can integrate elements of gamification into their applications and platforms, which will make the process of earning more interactive and exciting.
c) Interaction with the real world: With the development of virtual and augmented reality, M2E applications can offer users new opportunities to interact with the real world and earn money based on this interaction.
d) Interaction with other ecosystems: With the development of blockchain technology, M2E platforms can integrate with other ecosystems such as DeFi (decentralized finance), NFT (non-fungible tokens) and metaverses, providing users with even more opportunities for earning.
Tips for making money successfully on Move-to-Earn
To successfully earn on M2E, consider the following tips:
a) Research Platforms: Before you start, research the various M2E platforms and applications to determine which ones best suit your preferences and needs.
b) Set realistic goals: Determine how much time and energy you are willing to spend on M2E and set realistic goals for yourself so you don't overwhelm yourself and stay motivated.
c) Be consistent: Regular exercise and movement is the key to successful M2E earnings. Consistency and discipline will help you achieve better results.
d) Get involved in the community: participate in the social features of M2E appsand platforms such as chat rooms, leader boards and competitions. Communicating with other users will help you learn new strategies, get support and advice, and make the process more interesting and fun.
e) Security and privacy: before using MTE applications and platforms, make sure that they provide an adequate level of security and privacy for your data. Read reviews and review privacy policies to protect your information from possible threats.
f) Stay up to date: Follow the news and development of the M2E trend to keep abreast of the latest features and innovations. This will help you make timely decisions and optimize your earnings.
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